The pilots realised what was happening before the warning went off, and had firewalled the throttles and commanded flap changes in a go-around procedure, but at 700 feet and dropping, the jet continued to descend before responding to their inputs.
As a warning to the readers, Ben Sandilands' editor should force him to sign off ALL of his reports with his initials.
BS makes it sound like the pilots looked around and suddenly realised they were in an airplane, not in the pub or on the couch like they thought.
"Dropping?" An excellent choice of wording considering your initials, BS.
BS, my training manual states it can be expected that a wide-body will descend another 30ft following initiation of a go-around. This means touch-down might even occur. I can't imagine how excited a go-around followed by a brief touchdown would make you. "Seconds From Death?"
"Fire-walling" the thrust levers is what you do when you're about to die, not when you initiate a go-around. Thanks, BS, for continuing to feed the ignorant public yet more "BS" to keep them properly uninformed about aviation.
Stabilisation requirements: They weren't stable and fully-configured by the cut-off point (in fact before it) so they conducted a go-around. And now BS and some plonkers on pprune are making it a federal case.